Cement News tagged under: demand
Indian cement demand growth to decline in 4QFY23-2420 March 2024, Published under Cement NewsIndia is expected to see a fall in cement demand growth in the final quarter of the current fiscal year (January-March 2024), due to a slowdown in construction activity, adverse weather conditions and uncertainty in the run-up to the elections being held in April and May. According to Business World India, an increase in supply along with more intense competition has also had an adverse impact on cement prices. Reports suggest that prices have already begun to decline, with reductions of ... |
Qatar cement market to expand 5.2% in 2022-3227 November 2023, Published under Cement NewsThe cement market in Qatar is expected to see a CAGR of 5.2 per cent on the basis of value in 2022-32, reaching a valuation of US$1550.9m by the end of the period. According to Future Market Insights, the advance in demand is being attributed to the country’s rising population and urbanisation, which has prompted increased demand for residential buildings, in particular, along with commercial buildings. The residential and commercial buildings segment in Qatar is forecast to see a CAGR of 5.... |
Indonesia's annual demand increased by 4.3 per cent in 202111 March 2022, Published under Cement NewsIndonesia's annual domestic cement demand reached 65.215Mt in 2021, representing an increase of 4.3 per cent on the year before, in line with industry expectations. All of the domestic regions recorded higher demand in 2021. Consumption in Java, the largest market, representing 53 per cent of domestic demand, grew by 2.6 per cent to 34.695Mt in FY2021. In Sumatra, the second-largest market with 22 per cent market share, demand increased by 2.5 per cent to 14.129Mt. Sulawesi (10 per cent ma... |
Azerbaijan sees cement production down 8% in 202025 January 2021, Published under Cement NewsThe value of construction materials produced in Azerbaijan has been estimated at AZN718.9m (US$422m) for 2020, largely consistent with the previous year, according to the State Statistics Committee (SSC). The preliminary report shows a 7.5 per cent YoY decline in cement production to 3.226Mt. However, ready-mix production was up 6.5 per cent to 2.024Mt. |
Dominican Republic market contracts 8% in 202028 December 2020, Published under Cement NewsThe Dominican Republic’s cement market is expected to contract by eight per cent in 2020, according to Julissa Báez, president of the Dominican cement association, ADOCEM. The drop comes on the back of a forecast 16 per cent fall in construction activity, caused by the impact of the coronavirus pandemic. Up to March 2020 the cement sector had shown very dynamic activity levels until the COVID-19 pandemic affected demand. However, the industry could have been affected significantly worse, ... |
Petcoke market sees prices slump22 May 2020, Published under Cement NewsHit by the coronavirus, petcoke prices fell as the Mediterranean market contracted. Demand declined as the cement and construction sectors reduced their output amid lockdown restrictions. A Spain-based trader said he had heard “some inquiries over the place (Japan, Pakistan, India, China, Denmark, Guatemala, etc to name some) but not real closures yet. Not much really at Med. Only running countries are Egypt and Turkey, but both ended 2019 on high clinker stocks thus demand now is not grea... |
China’s cement industry expected to lead economic recovery20 April 2020, Published under Cement NewsAn accelerated recovery in the Chinese construction industry is driving the country’s cement sector to resume operations. With a positive outlook this year, analysts said the sector could lead the rebound across multiple industries, reports the Global Times. As a result of the coronavirus pandemic, cement output in China fell by 23.9 per cent YoY to 299.07Mt in the first quarter of 2020, according to data from the National Bureau of Statistics. In March production declined 18.3 per cent Y... |
Siam City to wind down production at Saraburi17 April 2020, Published under Cement NewsThailand’s Siam City Cement will begin to close its Saraburi plant from 1 May as cement demand falls due to the COVID-19 pandemic, according to The Nation: Thailand. The company has reportedly seen a reduced amount of orders and therefore will wind down production and labour at Factory 1 from 1 May. However, it is expected to move employees to other plants or allow them to leave by mutual consent. |
Chile's cement demand up 3% in 11M1916 January 2020, Published under Cement NewsCement demand in Chile declined 2.5 per cent YoY in November 2019, according to the Chilean construction chamber, CChC. Consumption fell to 341,721t in November 2019 from 350,532t in the previous year. However, in the year to date the domestic cement market expanded by 3.3 per cent from 3.624Mt in the 11M18 to 3.743Mt in the 11M19. |
Venezuelan cement output below 50% of market requirement30 October 2019, Published under Cement NewsThe production of cement in Venezuela is less than half of the country’s demand of 18Mt, according to El Impulso. Output is currently down from 9Mt to 4Mta, due to issues with electrical power supply, equipment and inputs, said Orlando Chirinos, president of the Federation of Cement Workers (Fetracemento) and secretary general of the cement workers syndicate of Lara state. In terms of equipment, cement producers face challenges in obtaining refractory bricks, metallic grinding media and sl... |